$SPY the somewhat quick rising of bong yields is what’s causing the markets to be red. Tech will probably see the most pain. Risky assets will be worse. Banks should see the least (favorable to them for a rise in borrow rates). Companies with good balance sheets should fair well but they will probably get caught in the mayhem as well. They will be talking about that today as well as a potential for inflation. Having some cash this week on the sidelines to take advantage of opportunities or reduce exposure is your best bet.